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The Latest Breaking News from Wharton

Wharton professor Jeremy Siegel says the Fed’s rate hikes and ‘monomaniacal’ focus on the labor market are ‘misguided’: ‘Workers are way behind’

Siegel says workers’ wage growth has been “way behind” historical norms and inflation is already fading, which means the Fed’s rate hikes are a mistake.

Fortune

4-star DE Booker Pickett names top schools

4-star edge rusher Booker Pickett Jr., who has incredible highlights, has named his top nine schools including UGA.

USA Today Sports Media Group

There's a surprising culprit behind mass layoffs, says a prominent management professor at Wharton

According to Peter Cappelli, the current state of financial accounting of human capital is a big issue.

Fortune

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How did JPMorgan fall for Frank? Several execs played a role in buying the $175 million startup that’s been accused of fraud

JPMorgan hoped to get a foothold in the fast-growing world of student loans. Instead, they got a huge headache.

Fortune

Wharton professor Jeremy Siegel warns the Dow could drop 1,000 points ‘immediately’ if the Fed goes too big with its next rate hike

Investors are pricing in a mild interest rate hike this week, but if they get something more aggressive, stocks are in trouble, Jeremy Siegel says.

Fortune

An AI bot passed this Wharton professor's exam. Here's why he's not concerned

Wharton professor Christian Terwiesch was sitting with his grown children around the dinner table when the subject of artificial intelligence came up. Both of his kids had been experimenting with the nascent technology in their respective fields: "one of them is interested in design...and the other one is interested in…

The Philadelphia Inquirer

'Everybody is cheating': Why this teacher has adopted an open ChatGPT policy

An associate professor at the prestigious Wharton School is not only allowing his students to use ChatGPT, they are required to.

WEKU

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Inflation is falling, but it's even lower than it looks if you take out Jeremy Siegel's least favorite CPI signal

"We are in a deflationary mode. It is time to stop raising rates,” Wharton professor Jeremy Siegel said on Thursday.

Fortune

Inflation is ‘basically over’ and the Fed is ‘making a terrible mistake’ by continuing to raise interest rates, Wharton professor Jeremy Siegel says

Jeremy Siegel warned that inflation was going to become a problem in 2020. Now, he says the Fed has done too much to fight it, and is set to cause a recession.

Fortune

Wharton Professor Jeremy Siegel says stocks will soar 20% next year as inflation fades—but legendary investor Bill Ackman says not so fast

Wharton Professor Jeremy Siegel says 90% of U.S. inflation is already gone, but Bill Ackman is warning investors not to forget about deglobalization.

Fortune

Economy and Society, October 18, 2022: South Carolina to divest BlackRock funds over ESG

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Ballotpedia

Editorial: New York attorney general rightly pursues Donald Trump and his company

That real estate promoter Donald Trump is a shady businessman has been known to New Yorkers for the half-century since the Avenue Z rent collector for his dad, Fred Trump, made his public debut with sleazy lawyer-fixer Roy Cohn at his side. Trump lied about his wealth (he wasn’t as…

Tribune News Service

For $214,800, you can get a Wharton executive MBA from the comfort of your couch (mostly)

PHILADELPHIA — Executives who want a business degree now have a new option at the Wharton School at the University of Pennsylvania, which this month launched a “global” executive program offering 75% virtual and 25% in-person classes.

The Philadelphia Inquirer

The nation's top consumer watchdog wants to protect your personal data and digital wallet

Rohit Chopra heads the Consumer Financial Protection Bureau (CFPB), the federal agency tasked with protecting consumers and their money. The CFPB in recent years has sued student loan servicers, investigated redlining — or discriminatory lending — in mortgages and other loans, and is now focusing on "buy-now-pay-later" firms, payment apps,…

The Philadelphia Inquirer

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ABC News

You've seen the Stranger Things version, but what went on at the infamous historical Hellfire Club?

Stranger Thing's Hellfire Club is mainly made up of the school's "losers" and outcasts — but the original 18th century version was much more racy, writes Esmé Louise James.

The Philadelphia Inquirer

A $90 million Wharton and Wall Street partnership will prep students of color for careers in finance

A successful career in finance requires three things, according to Daniel Young: coursework, internships, and mentoring.

The Philadelphia Inquirer

A Toll Bros. founder sees new business opportunities amid global troubles

Bruce E. Toll, co-founder in 1967 of Fortune 500 homebuilder Toll Bros., has long since diversified his fortune from the Fort Washington-based firm. His firm BET Investments Inc. has bet on health care, medical, information technology and telecom companies. And in Pennsylvania he owns coal fields and auto dealers and…

The Guardian - US

The super-rich live on a different planet. Their thoughts on US salaries prove it

A tweet from a professor at Wharton School reveals students in one class believed the average American makes over six figures

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